FORT WORTH, Texas — Blink Fitness is closing its three North Texas gym locations and has filed for Chapter 11 bankruptcy, the gym operator confirmed.
Blink, an Equinox-owned chain with more than 100 locations across the country, announced it was filing for bankruptcy Monday. Notices posted on the gym locations’ pages confirm its three North Texas locations in the Fort Worth area will be closing Aug. 30. Those locations are at:
- 7410 Beach St. in Fort Worth
- 3529 Heritage Trace Parkway in Keller
- 7901 Mid Cities Blvd. in North Richland Hills
Blink has locations in New York, New Jersey, Pennsylvania, California, Illinois, Massachusetts and Texas, and announced Monday that it had filed for bankruptcy in an attempt to facilitate a sale.
“Over the last several months, we have been focused on strengthening Blink’s financial foundation and positioning the business for long-term success,” said Blink Fitness CEO Guy Harkless. “After evaluating our options, the Board and management team determined that using the court-supervised process to optimize the Company’s footprint and effectuate a sale of the business is the best path forward for Blink and will help ensure Blink remains the destination for all people seeking an inclusive, community-focused gym. We thank our entire corporate and gym team for their continued dedication to our members, as well as our vendors and partners for their ongoing support. We look forward to emerging from this process as an even stronger business.”
In its Chapter 11 petition, Blink listed both assets and liabilities in the $100 million to $500 million range, and total debts for Blink and its affiliates filing for Chapter 11 amount more than $280 million, the Associated Press reported.
As of Monday, Blink said it had received a commitment of $21 million in new financing from existing lenders.
Blink acquired the former Fitness 2000 locations in Tarrant County in 2020, and at the time, said they planned to continue expanding in the area.
Founded in 2011, Blink has touted itself as an affordable gym “for every body,” as the Associated Press reported, with membership plans ranging from about $15 to $39 per month plus maintenance fees.
